If this is Socialism, call me Comrade

Global Macro Monitor produces informed opinion about markets and the global economy. This was originally published on December 31, 2010


No politics or partisanship here, “just the facts ma’am”.  The stock market as measured by the S&P500 is up just about 50 percent since President Obama’s inauguration to today’s close.   Only Eisenhowser comes close, but not even in the same zip code.   A 50 percent stock move does a lot “spreading the wealth around” and Joe the Plumber’s pension is in much better shape today than it was in November 2008!

Sure, sure, there are a  ton of reasons to explain the differences, but this is politics folks!    A CapEX spending led economic acceleration and pick-up in hiring in 2011, which usually follows such a strong equity performance,  will make the President look unbeatable same time next year, in our opinion.  Stay tuned.


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